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CIMA E1 Exam Syllabus Topics:

CIMA Managing Finance in a Digital World Sample Questions:

1. A manufacturing company had major issues with quality standards and as a result received a number of complaints from its customers.
Due to this the company's senior management has considered some new objectives for the business.
Which of the following comply with all requirements of a SMART objective and will help to overcome this issue?
Select ALL that apply.

A) To reduce quality issues significantly within eight weeks.
B) To reduce defects from 53 per 1000 to 35 per 10,000 within 10 months.
C) To reduce the number of complaints due to quality issues by 28% by the end of the year.
D) To increase output from 2,500 units per hour to 3,500 units per hour within a year.
E) To reduce the current level of defects from Oper 1,000 to 35 per 1,000 by the end of the month.
F) To reduce the number of complaints from 754 to 450 as soon as possible

2. Which of the following sources of data will have limited usefulness to finance professionals?

A) Weekly sales report
B) Competitors' journal articles
C) Output reports from production.
D) Primary market research data

3. During the past six months NVT has been undergoing a study, as part of a rationalisation programme to review the profitability of each of its retail stores.
As a result, 30 stores have been identified for closure T with a further 50 stores selected to receive an investment of funds in order to remain profitable going forward. Throughout this process NVTs finance function has worked alongside others in the organisation providing advice and guidance.
Which TWO of the following areas has the finance function most likely been involved with as part of the review?

A) Project Management
B) Financial planning and analysis
C) Project Appraisal
D) Taxation
E) Management accounting

4. 'A mam stakeholder of the finance function typically enquires about the prospects of the business, alongside overall performance and feedback on the leadership team' Which of the following stakeholders is being discussed?'

A) Sales
B) Production
C) Human Resources
D) SharehoWers

5. Level 2 of the contemporary shape of the finance function involves Strategic Business Partnering In this context strategic partners are

A) Finance professionals
B) Project managers
C) Outsourced partners
D) Senior management

Solutions: